IS something big about to hit the markets? Oil crashes 5%, yields and the U.s. Doller sell off. Gold the doomsday hedge remains bid since March 2022.

Chart 1

Chart 2

Something big is brewing.   The oil price crashed 5% on news of China's PMI slowing down dramatically to 4.9% from 51.9% (March 2023).  Which is a return its COVID impacted  slowdown of last year.  Meaning.  China is probably slowing faster than official 'stats' are telling the market.  Thus, the oil price major sell off.   This selling also set off U.S. Dollar and yields lower, namely the 10 YR, while not indicating that the Federal Reserve will pause its rate hikes as the European inflation is, like most global economies, stuck within the 6 to 7 percent range (or higher).

The oil price is now trading below its $72 price support any lower and OPEC will begin to tighten hard, that and geopolitical issues will also set volatility into play.  Refer to the chart above, showing the oil price, USD and the 10 YR Yield.  All took a hit.

Where are funds being parked?  Chart 2 explains it all.  Gold, the doomsday hedge.

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All gold analysis please refer: chiasmusmagazine.blogspot.com/search?q=gold